3 Digital Payment Stocks for Growth Investors

What's in your wallet? The credit card market is growing - as millions of global digital payments take place every day, could these stocks help you get a slice of the pie?

Jim Sinegal 27 March, 2015 | 9:20AM

How many times a day do you use your credit or debit card? According to the World Payments Report there were 366 billion non-cash transactions globally in 2013, with three quarters of transactions taking place in developed markets.

Emerging markets may have the minority share – but transaction growth is accelerating at a much faster rate, up 18.3% in 2013, compared to global growth of 7.7%.

We examine three stocks that are best placed to take advantage of this digital trend.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
American Express Co99.16 USD3.38
Mastercard Inc A328.02 USD-0.64
Visa Inc Class A196.36 USD-1.21

About Author

Jim Sinegal  Jim Sinegal is the associate director of the financial team at Morningstar.

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